A lack of internal candidates has clouded the replacement process for former FHA Commissioner Frank Cassidy.

Ginnie Mae’s share of total residential servicing outstanding increased to 18.5% as of the end of March.

Under the proposed rule, the new definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.

Loans with balances above the baseline conforming loan limit accounted for 16.4% of total originations in the first quarter of 2026.

The decline in issuance was driven by refinances, with refi volume off 16.8% on a monthly basis.

The agencies securitized $30.31 billion of rate-term refis in May, a 32.6% decline from April.

Rocket Mortgage has incorporated VS4 into both its direct-to-consumer and Rocket Pro sides of the business.

FHA published a request for information seeking ways to ease its minimum property requirements.

Overall, refinance business was down compared with the fourth quarter of 2025, though FHA refi volume increased by 6.1% due to FHA-to-FHA refi activity.